While companies expressed concerns about water management and takeaway capacity at Hart Energy's recent Midstream Texas conference and exhibition, Permian activity has kept morale up.
Brent prices fell $0.27/bbl to average $75.69/bbl while WTI actually saw some recovery, up $0.87/bbl to average $66.21/bbl.
Panel agrees the time to investment is now as production soars in the basins and there is a growing need for infrastructure to help with moving assets to market.
Analyst and author Tom Petrie discusses recovery in the Rockies, and why he believes the real interesting future for the U.S. is in natural gas.
Regulatory and recruitment headwinds are hitting oilfield trucking in a time of rising demand.
Also this week, Phillips 66 to expand Texas NGL project. Meanwhile, Exxon Mobil and Plains pursue Permian pipeline JV and Pioneer sells Colorado assets.
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Its Spectra acquisition vaulted Enbridge to the top of the chart. Boosted by booming LNG exports, Cheniere Energy warped higher by 30 places.
Efforts to make the “Sparkling City by the Sea” the next big midstream spot for exports are underway.
Myths surround FERC’s income tax ruling and its impact on MLPs.
They say the best place to find new oil and gas reserves is where hydrocarbons already have been found. That’s certainly the case with southeastern Oklahoma’s Arkoma Basin.
So what do I like about conferences? They provide a great opportunity to get a feel for what’s going on out there in the oil patch.